ELM Resources Starts New Year with Major New Release of Its Industry Leading Student Loan Delivery System.

OAKLAND, Calif. -- ELM Resources, Inc. is pleased to announce the delivery of the 2006.3 release of its industry leading ELMNet student loan delivery system. This new release expands on the enhancements included in the first phase of the release launched in December and continues to deliver on ELM's commitment to provide its customers with the most robust and flexible student loan delivery system available. ELM works closely with its school and lender customers to evaluate and prioritize enhancement requests and this release reflects their outstanding involvement and feedback.

The 2006.3 release includes over 15 new enhancements to the following functional areas:

* Certification Request / Credit Pre-Approval processing

* Combo Stafford Loan processing

* Disbursement processing

* Error Handling 

* Hold/Release processing

* ISIR Loan processing

* Loan Increases

* PLUS/Grad PLUS processing

* Post-Guarantee Loan Updates

* Reject processing

"ELM is very pleased to deliver these enhancements to the ELMNet system," said ELM Chief Executive Officer Jeffrey A. Connors. "We work very closely with our customers to determine their needs for student loan data exchange and we are committed to continuing to support and enhance the ELMNet system to meet their needs."

"ELM continues to provide new and enhanced functionality to meet the evolving needs of its customers. ELM understands these needs and continues to be an outstanding partner with us to provide quality financial aid programs to our students," commented Howard Fischer, Director of Financial Aid at Ottawa University.

About ELM Resources

With a mission to provide schools complete freedom-of-choice and equal access to all education financing providers, ELM Resources was established in 1994 as the only open, non-proprietary, lender-neutral student loan delivery system in the industry. Through its members - lenders, guarantors, and loan servicers - ELM administers a common, open, and universal student loan delivery system that seamlessly links the diverse computing platforms involved in processing and disbursing a student loan. ELM offers students and schools the convenience of using a single data channel for both alternative and government guaranteed loans, regardless of which loan provider is serving the customer. For more information, please visit www.elmresources.com.